CCOM vs WEAT

CCOMFSimplify Chinese Commodities Strategy No K-1 ETF

WEATBTeucrium Wheat Fund

In short

CCOM Chinese commodity futures are a market most US investors never see. CCOM trades them systematically, long and short, inside a 1940 Act fund that sends a 1099 instead of a K-1.

WEAT Wheat, straight up. Since 2011 this Teucrium fund has given brokerage-account investors pure-play exposure to CBOT wheat futures, laddered across three contract months rather than piled into the front month.

Stated mandate

CCOM The fund seeks long-term capital appreciation through systematic investment in commodity futures traded on major Chinese exchanges. Its strategy uses systematic long/short models.

WEAT The fund seeks cost-effective price exposure to the wheat market through futures for future delivery.

Why people hold it

• CCOM Targets commodity futures on China's major exchanges, a pool of contracts priced by local supply and demand rather than the usual US benchmarks.
• The models go long and short, so the fund can position for falling contracts as well as rising ones instead of riding one direction.
• No Schedule K-1. It is built as a 1940 Act fund, so tax time brings a 1099 like any ordinary ETF.
• Simplify already runs the broad-basket version (HARD); CCOM is the China-only slice for investors who want that exposure separated out.

• WEAT Costs 0.62% a year, under the typical fee for futures-based commodity funds. Cheap matters most when the thing you own throws off no income.
• The benchmark splits across three CBOT contracts: 35% second-to-expire, 30% third-to-expire, 35% the following December. Roll risk gets spread down the curve, not stacked on one month.teucrium.com
• Wheat exposure without a futures account: no margin posting, no roll management, no contract expiries on your calendar. Buy it like a stock, sell it like a stock.teucrium.com
• Among futures-based commodity funds, one of the stronger overall packages on cost and structure.

Worth knowing

• CCOM The fee is 0.99% a year, above the typical charge among commodity futures funds. That is the toll for a strategy reaching markets few US managers access.
• Launched in 2026 and lightly traded, so there is not much history to judge and spreads can run wider than in the big commodity ETFs.
• Not a plain commodity tracker. The short book means results can move apart from a straight long basket of commodities, in either direction.

• WEAT It is a commodity pool taxed as a partnership, so shareholders get a Schedule K-1 with Section 1256 treatment (60% long-term, 40% short-term), not a 1099.teucrium.com
• The fund tracks wheat futures, not the spot price. When the curve slopes against you, returns can drift from the wheat headlines you read.teucrium.com
• One crop, one market, and weather sets the price. Swings here run hot compared with diversified commodity baskets, and the fund is built for price exposure, not income.

Full CCOM profile⁠

Full WEAT profile⁠